Queens lawmakers pass legislation to extend tax exemption and abatement bill for property owners


Two Queens lawmakers announced the passage of legislation that would grant relief to property owners who make improvements to their buildings.

Known as the J-51 property tax exemption and abatement program, the bill is sponsored by Senator Toby Ann Stavisky and Assemblyman Edward Braunstein. Under J-51, relief would be given to property owners who renovate residential apartment buildings or convert commercial structures into residential units.

“Renewing the J-51 tax incentive will provide needed property tax relief to eligible New York City co-ops while ensuring that buildings and structures undergo necessary capital and safety improvements. I will continue to advocate for property tax reform in Albany and I thank Senator Stavisky for her support on this issue,” Braunstein said.

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